Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News
Whatsapp

Intel Posts Record Sales in 2021 Despite Chip Shortage

IANS
IANS
Meet the voice behind Indo-Asian News Service (IANS), a storyteller navigating the currents of global events with precision and depth. Crafting narratives that bridge cultures, IANS brings you the pulse of the world in every word

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

Despite chip shortage, Intel has reported its highest quarterly and yearly revenue ever, at $19.5 billion and $74.7 billion, respectively.

For its first quarter of 2022, the company expects revenue of approximately $18.3 billion.

In an earnings call late on Wednesday, Intel CEO Pat Gelsinger discussed the chip shortage, particularly as it impacts laptops.

Shortages in substrates, components and foundry silicon has limited our customers’ ability to ship and finish systems across the industry. This was most acutely felt in the client market, particularly in notebooks, but constraints have widely impacted other markets, including automotive, the internet of things, and the data centre, – he explained.

“As we predicted, these ecosystem constraints are expected to persist throughout 2022 and into 2023 with incremental improvements over this period,” Gelsinger added.

Intel in Q4 exceeded top-line quarterly guidance by over $1 billion and delivered the best quarterly and full-year revenue in the company’s history.

Our disciplined focus on execution across technology development, manufacturing, and our traditional and emerging businesses is reflected in our results. We remain committed to driving long-term, sustainable growth as we relentlessly execute our IDM 2.0 strategy, – the Intel CEO.

Intel CFO David Zinsner said that laptop sales might also be affected by “inventory burn as OEMs work through inventory imbalances created by ecosystem constraints that have limited their ability to ship systems in certain segments”.

Worldwide PC shipments totaled 88.4 million units in the fourth quarter of 2021, a 5 percent decrease from the fourth quarter of 2020.

This is the first year-over-year decline following six consecutive quarters of growth. For the year, PC shipments reached 339.8 million units in 2021, a 9.9 percent increase from 2020, said a Gartner report.

Recomended

Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic